Because Resources Are Scarce, the Opportunity Cost of Investment in Capital

question 73

Multiple Choice

Because resources are scarce, the opportunity cost of investment in capital is

• A) zero.
• B) forgone future consumption.
• C) forgone present consumption.
• D) infinite.

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Definitions:

Developmental Needs

The requirements necessary for an individual's growth and improvement, often identified in educational and professional settings to enhance skills and knowledge.

Judgemental Role

A position within a decision-making process where evaluation, assessment, and determination based on evidence or insight are required.

Subordinate

An employee or team member who reports to a supervisor or someone in a higher position within the organization's hierarchy.

Counselling Role

The responsibility dedicated to offering guidance, support, and advice to help individuals navigate personal or professional challenges.